Navigator Holdings Ltd. (NYSE:NVGS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $21.50.

A number of research firms have commented on NVGS. Jefferies Financial Group reaffirmed a “buy” rating and set a $19.00 target price on shares of Navigator in a report on Wednesday, November 5th. Pareto Securities assumed coverage on Navigator in a research report on Tuesday, December 9th. They issued a “buy” rating on the stock. Zacks Research cut Navigator from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Wall Street Zen lowered Navigator from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Navigator in a report on Monday, December 29th.

Institutional Investors Weigh In On Navigator

Large investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC raised its holdings in Navigator by 7.4% in the second quarter. Encompass Capital Advisors LLC now owns 1,437,201 shares of the shipping company’s stock worth $20,336,000 after purchasing an additional 99,326 shares during the period. First Manhattan CO. LLC. increased its position in shares of Navigator by 27.8% in the 4th quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company’s stock valued at $24,768,000 after buying an additional 311,259 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Navigator by 1.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 697,119 shares of the shipping company’s stock worth $10,798,000 after buying an additional 7,574 shares during the period. Hodges Capital Management Inc. raised its stake in Navigator by 31.1% during the 4th quarter. Hodges Capital Management Inc. now owns 553,323 shares of the shipping company’s stock worth $9,584,000 after buying an additional 131,351 shares during the period. Finally, Millennium Management LLC lifted its holdings in Navigator by 16.4% during the first quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock worth $7,224,000 after acquiring an additional 76,287 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.

Navigator Stock Performance

Navigator stock opened at $20.20 on Friday. The company has a market cap of $1.40 billion, a PE ratio of 13.37, a PEG ratio of 1.11 and a beta of 0.40. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. Navigator has a 1 year low of $10.55 and a 1 year high of $20.22. The company’s 50-day moving average is $18.11 and its two-hundred day moving average is $17.01.

Navigator Company Profile

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).